Business
Macroeconomic factors fuel upswing in stock investor sentiment
The CSE bounced back yesterday because investor sentiment had improved as a result of macroeconomic fundamentals proving conducive to business, market analysts said.
The stock market closed up after some volatility but both indices moved upwards. The All Share Price Index moved up by 37.8 points, while the S&P SL20 closed up 0.39 percent, or 23.50 points, at 6,066, provisional data showed.
Turnover was Rs 5.14 million with 13 crossings. The top seven crossings were reported in Singer (SL), where 1.3 million shares crossed to the tune of Rs 85.8 million; its shares traded at Rs 60, Amana Takaful 2.8 million shares crossed for Rs 70.1 million; its shares traded at Rs 24.50, E B Creasy one million shares crossed for Rs 62 million; its shares sold at Rs 62, Access Engineering 1.1 million shares crossed for Rs 61.8 million; its shares traded at Rs 67, Tokyo Cement (Non- Voting) 750,000 shares crossed for Rs 58.1 million; its shares sold at Rs 77.50, Colombo Dockyards 400,000 shares crossed for Rs 41.4 million; its shares traded at Rs 103.50 and TJ Lanka 930,000 shares crossed for Rs 40.9 million; its shares sold at Rs 44.
In the retail market companies that mainly contributed to the turnover were; Sierra Cables Rs 336 million (15.1 million shares traded), HNB (Voting) Rs 310 million (6.1 million shares traded), TJ Lanka Rs 300 million (6.1 million shares traded), Sampath Bank Rs 299 million (two million shares traded), Access Engineering Rs 185 million (3.2 million shares traded) and LOLC Holdings Rs 168 million (305,000 shares traded).During the day 162 million share volumes changed hands in 32000 transactions.
It is said that top contributors to the ASPI were DFCC Bank, Sampath Bank, Dialog Axiata, Commercial Bank and HNB. Further, manufacturing sector counters, especially Sierra Cables and TJ Lanka performed well. Apart from that the banking sector also actively participated at the floor, especially HNB.
Yesterday, the rupee opened at Rs 302.23/40 to the US dollar in the spot market, weaker from Rs 302.25/35 the previous day, while bond yields edged up, dealers said.
A bond maturing on 15.09.2027 was quoted at 8.58/63 percent, up from 8.55/60 percent.
A bond maturing on 15.12.2028 was quoted flat at 8.95/9.00 percent.
A bond maturing on 15.12.2029 was quoted flat at 9.43/46 percent.
A bond maturing on 15.12.2032 was quoted at 10.27/33 percent, up from 10.25/32 percent.
By Hiran H Senewiratne
Business
SLEIS 2026 to examine Sri Lanka’s energy transition and its implications
Reliable and affordable energy is essential to Sri Lanka’s economic growth, industrial development and competitiveness. As the country seeks to strengthen energy security while reducing its dependence on fossil fuels, the energy sector will be a key area of discussion at the Sri Lanka Economic & Investment Summit 2026, organised by The Ceylon Chamber of Commerce on 12-13 October 2026.
The session, “Beyond Fossil Dependence: Balancing Security, Sustainability, and Growth,” will examine how Sri Lanka can diversify its energy sources, accelerate renewable energy adoption and attract investment while ensuring a reliable energy supply for businesses and households. Discussions will also consider the infrastructure and policy frameworks needed to support the country’s transition towards a modern and competitive energy system.
Ms. Edore Onomakpome – Regional Infrastructure Industry Manager – Bangladesh, Sri Lanka and Nepal, at the International Finance Corporation will keynote the session, and join the panel discussion featuring G.M.R.D. Aponsu – Secretary to the Ministry of Energy, Damitha Kumarasinghe – Director General (Chief Executive Officer), Public Utilities Commission of Sri Lanka, and Manjula Perera – Managing Director, WindForce PLC. The discussion will be moderated by Sheran Fernando – Senior Advisor, Plus94.
The session will also explore the role of public-private collaboration in developing new energy solutions, encouraging investment and creating opportunities within Sri Lanka’s evolving energy sector. It will consider how energy policy and investment decisions can support both economic expansion and the country’s longer-term sustainability objectives.
The Sri Lanka Economic & Investment Summit 2026 is supported by its valued sponsors and partners. Platinum Sponsor – Standard Chartered Bank Sri Lanka, Gold Sponsor – VISA Worldwide (Pvt) Ltd., Bronze Sponsor – South Asia Gateway Terminals (Pvt) Ltd., Strategic Development Partner – Asian Development Bank, Telecommunication Partner – Dialog Telecommunication, Television Partner – Dialog Television, Session Sponsors – David Pieris Motor Company (Pvt) Ltd., Hemas Holdings PLC, Sunshine Holdings PLC, International Construction Consortium (Pvt) Ltd., Official Logistics Partner – Hayleys Advantis Limited, Official Airline – SriLankan Airlines Ltd., Official Hospitality Partner – Shangri-La Colombo, Airline Partner – China Eastern Air Holding Co. Ltd.
Registrations are now open at https://sleis.chamber.lk/. For more information, contact Alikie on 011 558 8805 (alikie@chamber.lk) or Shanuka on 0701082541 (events.division@chamber.lk).
Business
A fresh chapter for the George Keyt Foundation: A renewed commitment to the Sri Lankan art ecosystem
The George Keyt Foundation (GKF), dedicated to preserving the legacy of modernist painter George Keyt and fostering local art, has announced strategic appointments to its leadership team, bringing together a mix of global academic expertise, corporate leadership, and artistic passion. These enhancements aim to inject fresh expertise and academic depth into the Foundation’s long-term vision.
Establishment of the New Advisory Committee
To broaden its operational reach and deepen its engagement with the global art market, the George Keyt Foundation has established an Advisory Committee. The newly appointed committee members include:
• Dr Sujatha Meegama is a Senior Lecturer in Buddhist Art History at the Courtauld. She is an acclaimed art historian, author and academic, bringing specialised knowledge in South Asian art history to guide the foundation’s curatorial and educational directives.
• Dr Shamil Wanigaratne: A clinical psychologist, author, and avid art historian, Shamil will lend his unique perspective to help the foundation design meaningful public outreach and cultural preservation strategies.
• Abbas Esufally: A veteran corporate leader and patron of the arts, Abbas is transitioning from his role as a GKF Trustee to this advisory position, where he will continue to offer his sharp business acumen and extensive network.
New Trustee Appointment
Leesha Captain has been appointed to the Board of Trustees. Inspired by Sri Lankan artists, Leesha is a recognised supporter of the local art scene. Leesha’s hands-on perspective will strengthen the foundation’s core team as they develop and design new art programs.
A Vision for the Future
“These new appointments mark an exciting chapter for us as we build on our decades-long history of promoting Sri Lankan artists,” says Malaka Talwatte, Chairman of the Foundation. “The combination of Leesha on the board, alongside the diverse expertise of our new Advisory Committee, will significantly amplify our efforts in curating high-profile exhibitions and expanding local and international partnerships”.
Business
Sun Siyam Pasikudah celebrates World Tourism Day with culture, cuisine and community
Sun Siyam Pasikudah, part of the Privé Collection under Maldivian-owned Sun Siyam Resorts, will mark World Tourism Day on 27 September 2026 with a full day programme celebrating the culture, cuisine and natural beauty of Sri Lanka’s east coast, paired with community focused sustainability activities.
The celebrations open with a special buffet of authentic Sri Lankan cuisine, followed by a street food festival showcasing regional snacks and traditional sweets rarely found on resort menus. A signature World Tourism Day mocktail and cocktail, created for the occasion, will be served through the day, while traditional Sri Lankan cultural dance performances bring the island’s heritage to life for guests.
Beyond the festivities, the resort has planned a tree planting activity with guests and a beach or park clean up campaign, both reflecting Sun Siyam Pasikudah’s ongoing commitment to responsible tourism along Sri Lanka’s northeast coast.
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